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27 January 2021
press release

Austria: Schoenherr advises Joint Lead Managers on the issue of EUR 250 million Non-Preferred Senior Eligible Notes by Oberbank Aktiengesellschaft

Schoenherr successfully advised the Joint Lead Managers DZ BANK, Erste Group, Helaba, and Raiffeisen Bank International in connection with the successful issue of notes by Upper Austrian-based Oberbank Aktiengesellschaft.

The issue of EUR 250 million 0.625 % Non-Preferred Senior Eligible Notes under Austrian law was completed on the value date 26 January 2021. The bonds were issued under Oberbank's Debt Issuance Programme, will mature in 2029, and have a denomination of EUR 100,000 each. They are listed on the Official Market of the Vienna Stock Exchange.

DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main (Germany), Erste Group Bank AG (Austria), Landesbank Hessen-Thüringen Girozentrale / Helaba (Germany) and Raiffeisen Bank International AG (Austria) acted as Joint Lead Manager for the issue.

"Congratulations to Oberbank and the Joint Lead Managers on the successful completion of this transaction. We are pleased that the Joint Lead Managers relied on our comprehensive expertise in relation to this new issuance of senior eligible notes", says Schoenherr partner and co-head of Schoenherr's capital markets practice Christoph Moser, who has previously advised the joint lead managers on covered bond and MREL eligible notes issues by Oberbank.

The Schoenherr team acting as legal counsel to Joint Lead Managers consisted of Christoph Moser (partner) and Angelika Fischer (associate).

Wolf Theiss Rechtsanwälte GmbH & Co KG (lead partner Alexander Haas) advised Oberbank Aktiengesellschaft as issuer's counsel.

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